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BLM Suspends Fundraising As States Question Financial Transparency

• https://www.zerohedge.com by Isabel van Brugen

California and Washington states had recently prohibited BLM from collecting donations due to transparency issues, but it did not comply with those orders, the Washington Examiner reported.

The news outlet found last week that the charity appeared to have no known leader in charge of its $60 million bankroll since BLM co-founder Patrisse Cullors resigned in May 2021. Cullors had been at the helm of the Black Lives Matter Global Network Foundation (BLMGNF), the legal entity that represents the national BLM movement, for nearly six years.

"We take these matters seriously and have taken immediate action," a spokesperson for BLMGNF told the Washington Examiner. "We have immediately engaged compliance counsel to address any issues related to state fundraising compliance. In the interim, we have shut down online fundraising as we work quickly to ensure we are meeting all compliance requirements."

California's Department of Justice issued a formal delinquency notice to the group on Monday.

"The organization BLACK LIVES MATTER GLOBAL NETWORK FOUNDATION, INC. is delinquent with The Registry of Charitable Trusts for failing to submit required annual report(s)," a letter from the state's Attorney General Rob Bonta said.


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